European Stars and Stripes (Newspaper) - April 01, 1963, Darmstadt, Hesse Monday april 1, 1963 the stars and stripes Page 23 steel production booms higher As buyers fear strike by Jack r York a the United Down Stool in it us try is booming butt in t altogether a Happy Situa Tion. Orders for tier arc piling unlike in Val Nyrhe and production Goei or a ppm after week. The Industry is operating at 79per cent or More of capacity and turning out More steel than it has for a lome see an increased in . Exchange s most Active list new York up the 20 most Active Stocki traded on the Newyork exch nor lust week in Hafk us Cim Cluii-4 or vex 4u.7h u wac lift it i an air in a 244.100 n t la t us t 47 44 pc 4l pc t i til it attn l 3. To h i wac is 1 fort 4h 4i7", am imm � ,. If ii Chry Tor in. M k no i1i.im Sou ii a i Mem ifs nit no us i amex stocks moved higher new York up stocks moved irregularly higher in mod Erate turnover last week on the am flan swelled to 5,500,065 shirts from 4,604,405 the week be fore and compared with 6,575.320 in the comparable Span of 1962.almost the entire volume in crease was accounted for by a single Penny Stock Israel american Oil which gained 3/16 to h on840,800 shares including a Sengl 400,000 share Block at a. Demaninor the Issue apparently reflected reports of sharply rising Oil Industry production in Southern in a lit was followed in turnover b reinsurance investment up 1h t love Kontler up i to 12m doubled 1062 earnings Samera o Oil to to 13/16 and Webb & Knap Down 1/16 to shares were in de Mand with Rollins up 2. Capita City up 2 and screen gems ahead 2u, reflecting a Bright Outlook an Market letter plugs for this enter Barnes slipped is. Gulton 1% an technical operations 2% in the Rose 6 and Ford of Conad 1 in the autos Carnation tacked o 2v4 in the foods and Kirby Petroleum 2 on higher earnings Amon the oils.8ynte added in in Tho Drui and Mountain Stales and puerto Rico Telephone were both on Over a in the Utility scello new Ork up the Moi Active stocks traded on the american Stock Exchange last week. Slim com cum imn Tanii %.��. A 1,. Int i Isis in e3t us ii 1 a mob ,7flo in Wadw u it the pit i Chi rur i7.wo Ift test Man Leilh t Vic or Dino drmanic for steel reflect n no in improving Economy the rent Hulk of orders is c o m 1 n b r rom users buying to build up in tit Nile As a hedge against n Pov Ible strike. The United St Elwor Kern Union in reopen its Wafic con t met my 1 and could strike do Conyn later if agreement is not a cached. Product c is and been hopeful that the in on would refrain from in King now wage Demondi. But both they my a May build stores on studio lot Jev York up metro Oldwyn Meyer inc. Probably will urn much of us 173-Acrc studio in Culver City calif., into Dumitr enl Sites stores and office la Dongs. President Robert it Brien Brien who took Over Mannge ent of the big movie company up Briery told the annual meet no to and his associates have Iron need a sweeping program of form for did not say the company Ould sell the studio property. He a located it May develop much of he land for other purposes itself. Or he spoke of Revenue reducing said my a also is making Survey of its other real estate lol Dongs in 44 countries around be world with a View to disposing f Many of them. To Walch budgets he said my a intended to budget much More carefully in the future and to use modern techniques to estimate in Advance the Market potential of a Given film and hold Ita budget with limits. He predicted my a would re turn to profitable operation before the end of the fiscal year an would earn bigger profits in 196341he said the company would expand its operations in records am Elev Slon for movies o Brien said them pm can Trumm production How la West was won Mlih outgrows Ben Hur which grosses $60 said my a would release 36 pictures in 1963, a Over recent years and would place before the camera Shree Large productions Franx Werfel s the forty Days of Musa the prise and the in Linkable Molly d a closed that Mutiny on he Bounty starring mario3rando will show a loss because of runaway costs in the production during which Brando Cude i i i i i i i i i i i i i i in a h a him Lex is a Tomb i Industrial growth soared in past 10 years editor s note seventeen year Sago much of Russia Lay in ruins to cities and Industry trample Day Tho Tael War machine. Today he soviets Are out producing the United states in Coal Cement machine tools and woolens and clot no the Gap in other areas. Vol Schief economic reporter in Washngton explains How it happened n the following dispatch the second of three on Russia s Economy by Joseph d. Ii Tynan Washington up the soviet non will easily surpass the unit a states in Industrial production before the end of the 20th Century the forces that presently con Rol the economic destinies of a on remain unchanged. Russia s economic performance last quite Ai record breaking As Premier Elk la s. Khrushchev Palms but it was still Good enough generate a growth rate twice As fast As the United states during the past 10 years. In fact. If you go by the text Book standards the soviet econ omy s gains the punt 1? years Hutc Wen pretty impressive. At the end of world War ii the soviets picked up the pieces of their smashed country and be Gan building the factories and machines that Are the heart of rus Sia s Industrial Economy. During the postwar Yean the . Recorded the highest annual average growth rate of any major country in the world. Right now. West Germany an Japan Are growing faster than rus Sia. But both of these got a head Start after tha War from Tho Mil ions of uj3. Dollars that were slowed into them. Commerce department Studie show that the soviets today Arleou producing thu United Stales in Cool Cement machine tools on Woolen cloth. They arc closing 101 capitalism s Lead in steel i Iron and other critical material show has rum in been Able t achieve such startling industries gain stay literally pinching and Saucez ing its Economy to route every heavy Industry even at the expense of consumer products. This Means that during Tihoi Over the coi inter Market gained substantial new York up Industrial and insurance issues paced a sue Tantal gain on the Over us counter Market last National quotation Buna Index of 39 representative i do Tarlau Rose 3.95 on the eel closing at it High on Friday c 129.19. S among the industrials avoid i products Rose 3v Lebold set t Grinnell. Hans mining 6ttu f. Popell 214. G. D. Searle the u and Puro Lator 3%.l Continental casualty Rose 2vt h a the insurance group where Amer f can Home Assurance tacked on and Peerless 4. T in the Bank Section. Bonk of no York jumped 7, but manufacture Hanover Tost a narrow % goner Lack of Progress in the Sicto probably reflected the threat of. Major congressional invest Gatto 1 of Chain banking pro dicer Mark sources Aalo. Lost Var years when u. 3, factories Ere using their capital to toasters and Toleva on sets Russia was putting its vestment Money into the bulted no of factories to produce steel oking equipment included in this Industrial in Estment Stream was Money thut Ould have gone for higher wages or russian workers but the com unlit planners decreed Ether ise. The bite did t end there. The russian consumer whether e likes it or not makes a hefty Ontarl Button toward thin Industrial und by paying sales taxes fan As tidally High by . Standards. When a soviet shopper buys a ult for the overage Price of about 125. Chances arc that half of thestal rom Buck to the government n taxes. . Economists would argue thatis emphasis on capital invest ment distort a the Economy Espo rally by leaving precious Little Porib Man who really pulls the oar. There is limply no comparison Between the russian and the . Man on the Street in this Deport ment. Another Factor in the United states 89 out of very 100 families Hutc a Tel Evl Slon net. In the soviet Union the guru is to out of every 100. Only per cent of the russian families Mac in Shinju machines. The Fig ure is 95 per cent in this country this consumer Gap probably Locsin t keep very Mitny russian adors awake at night Ince Nel her washing machines nor to sets Are important instruments o economic Power at least not by communist standards. And Tho soviet techniques Wavleen successful enough to build an impressive heavy Industrial com plex in less than a generation. This brings up another pol which emphasizes Why a com Par son of the russian and us. Com of macs is a Tough assignment to do this the economist has t work out a definition of econom achievement applicable to both political spheres. This is Impo Sib because it raises the same Ideo logical questions that have Divide the world into two armed camphor instance. Russia during the Pom War years has built up the second largest steel Industry in the world which anyone should b Wllling to accept As a Symbol economic a closer look makes the question of assessing the econom achievement less Cut and dried. I specially when it s pointed out the the average wage earner in to Magnitogorsk steel works in the urals has the buying Power Roug by equivalent to that of a Man o Relief in Cleveland. Net Ion inst week was boosted to million tons up 4.7 per centrum the previous week. This was he sit Union in comparable n Dan Are of wage automobile Industry biggest Irel customer not Only was buy no or Nulty for inventories hut to net High level current needs. Tail int week production this week was Esti mated at 160.000 a Nesenger Helow the 1 60.752 turned out n the week ended Jan. 12 the Best of the year. Last week the output won 155,688 and a year ago 138,563 sales Are holding to a High level of. In them h ll-2fl period dealers of 223,932 american made my a Antn of 10 per cent above a year looked is if Industry was go g to hit Iti Al rut Quarter product on estimate of 1.932.000. To meet e demand. General motors corp. Tlell o second shift to us Bulck demo Kllc Pontiac Assembly Plant within Ron. Del. Cost of living a Lleniba Kevi re freezes of last Winter pc put a bite on american or netbook. The Cost of living in thru try moved Buck up to its in s t level in history in Only to use damage to fresh fruits and Getu Bles pushed up their labor deportment s con Mer Price Index advanced one itching the september seasonal increase in clothing Rares. Particularly female a Mel also was a Bright a pot in the economic cure Wai a 6 per cent Rise la Tew construction contract in february from a year earlier. Con nets awarded last month totalled $2.917,263.000 against $2.779.470.000n january and s2.748.750.000 in february 196zencouraging prediction f. W. Dodge corp., construction news specialist said future con auction volume la on the Way encouraging note Wai he prediction of Walter Heller Tmurman of the president s Council of economic adv Liceri that March retail sales would be 2 per Centor More above february which was a record the Darker tide. Secretary of labor Willard Wirtz said the unemployment rate could be expected o remain above 6 per cent of then or Force for the next few month he Rale reached a 15-month High of 6.1 per cent in february. Looking at the Economy As a whole. Secretary of Commerce la her Hodges said the nation s eco nomic Outlook is Bright if Bull net stresses development of new products and pro Ceuta. Fantast to Outlook Tho Outlook for the future to indeed a fantastic one and i Hope we in the . Take advantage of the he commented but it is not going to be an Era of easy briefly around the Bull nets scene . Steel corp. And Ford motor co. Will break tradition an skip ice Vang luncheon at their annual meetings. Boeing co. Received a s3s8 million air Force contract for continued development and testing of the Dyna soar manned space glider. Can sugar or Lei Are being increased to a 40-year High because of tight ened world supplies. Unemployment showed gain in january Washington turn the seasonably adjusted rate of unemployment Rose to u per Cento the labor Force in mid january from 5.6 pet cent the month be fore the labor department re department said the cite was about the usual increase Tor this time of total unemployment for the month waa 4.7 million
